World Bank financing Ethiopian road project?

The World Bank is offering funding worth some US$320 million for construction of the 258km Nekempte-Bure road in Ethiopia. In total the project is expected to cost $385 million to build, with the Ethiopian Government providing the remaining $65 million. The Ethiopian Road Authority (ERA) has said that the contractor that wins the tender for the project will also have to maintain the road for five years after construction is completed.
February 26, 2014 Read time: 1 min
The 2332 World Bank is offering funding worth some US$320 million for construction of the 258km Nekempte-Bure road in Ethiopia. In total the project is expected to cost $385 million to build, with the Ethiopian Government providing the remaining $65 million. The Ethiopian Road Authority (ERA) has said that the contractor that wins the tender for the project will also have to maintain the road for five years after construction is completed.
Finance & Funding

For more information on companies in this article

Related Content

  • Russia’s most expensive road project to commence
    January 15, 2019
    Construction work is being planned for Russia’s most expensive road, which will be built in south of the country – Eugene Gerden reports Work is due to commence shortly on Russia’s most expensive road, in the south of the country. The highway will form part of the existing 1,600km Moscow-Sochi road, according to recent statements from senior officials at the Russian Ministry of Transport as well as local analysts. As part of the project, the Russian Government, together with private investors, plans to
    Read More
  • Tunisian road projects being planned
    February 15, 2016
    Tunisia’s road network looks set to expand now that new funding has been secured. The Tunisian Assembly of the Representatives of the People has agreed two loans from the African Development Bank (ADB) worth a total of nearly US$208 million. These loans are to be repaid over 20 years and will help fund road infrastructure developments for the 2016-2020 period. The work will focus on upgrading classified roads. This includes renovating 719km of roads, building 23 bridges and constructing a 7.3km-long bypass
    Read More
  • Finance change on Orlovski Tunnel
    July 9, 2012
    A change in financing arrangements has been announced by the local authorities in Russian city St Petersburg for the Orlovski Tunnel project. This move is being made due to changes in terms and costs for the project, which is for the construction of a new road tunnel under the city that is intended to alleviate congestion.
    Read More
  • €108 million Italian port access upgrade project
    December 1, 2023
    Besix and Donati have been awarded a €108 million Italian port access upgrade project.
    Read More

Highlighted Content